Home Financing for Self-Employed
Non-QM loans provide flexible financing solutions
tailored to unique income profiles, making home financing more accessible.
Mortgage Loans for Self Employed or Independent Contractors
As a self-employed individual, independent contractor or gig worker, traditional mortgages may not cater to your specific financial circumstances and tax returns may not reflect your financials accurately. That’s where our Non-QM mortgages come in. We offer solutions that do not require tax returns. When you apply for a Non-QM mortgage with FNBA, you will experience a common sense underwriting approach and will have the flexibility to use different types of income documentation, including:
Bank Statements
These documents may also be utilized to verify your income as they offer a comprehensive overview of your financial activity and can provide us with insights into your earning capacity.
1040's/1099
As an independent contractor, it’s likely that you receive 1099 forms for the work that you perform throughout the year. These documents can serve as proof of your income.
Profit & Loss Statements
As a business owner, your profit and loss statements are valuable tools for demonstrating your income over a period of time. We accept these statements as valid documentation of your financial stability.
Take the next step toward home financing – Apply today
Get Started on Your Non-QM Loan:
Gather Essential Documents and Apply with Ease
No tax returns needed: Gather alternative income proof. Be prepared to show consistent income through bank statements, profit & loss statements, 1099’s or a combination of income documentation to support your financial picture.
Understand Debt-to-Income: Unlike traditional mortgages, FNBA’s Non-QM loans accept DTI ratios up to 55%, making them suitable when you have irregular income or existing debt.
Prepare for the down payment: Non-QM loans require higher down payments than traditional financing. You can expect to need a minimum of 15% of the loan amount for the down payment.
Take the next step with confidence. Knowing what to expect, your Non-QM loan process can be simple, stress free and tailored to fit your unique financial profile. We’ve been helping people finance their homes since 1955 and our experienced team is committed to helping you achieve your home financing goals!
Non-QM Loan Program Highlights
Use Gift Funds to Help with Your Down Payment
No Prepayment Penalties
Financing for Single Family Homes, 2nd Homes, Multi-Family, Vacant Land, Non-Warrantable Condos, Barndominiums, Mobile Homes and more
Minimum Down Payment of 15% Required
Debt-to-Income (DTI) of up to 55%
Flexible Income Documentation Options
Take the first step toward your next move!
Want to talk to a member of our team? 1-833-394-8404